Chubb Appoints Jason Luyt Chief Underwriting Officer for Company's International Accident & Health Division

Rhea-AI Summary

Chubb has appointed Jason Luyt as the new Senior Vice President and Chief Underwriting Officer for its International Accident & Health division, effective January 1, 2021. Luyt, who joined Chubb in 2015, brings over 20 years of insurance experience and will oversee underwriting functions across 51 countries. He succeeds Deborah Venella, who retires after a notable 47-year career. John Thompson, the division president, expressed confidence in Luyt's leadership and the potential for profitable growth globally.

Positive

• Appointment of Jason Luyt as Chief Underwriting Officer is expected to bring fresh perspectives and strengthen leadership.
• Luyt's extensive experience in insurance and underwriting enhances Chubb's capabilities in the International Accident & Health division.

Negative

• Transition may create temporary uncertainty as a new leader takes over a significant role.
• Deborah Venella's retirement could result in a loss of institutional knowledge.

NEW YORK, Nov. 2, 2020 /PRNewswire/ -- Chubb announced today that Jason Luyt has been named Senior Vice President and Chief Underwriting Officer, International Accident & Health (IAH). Currently, he serves as Chief Underwriter for the division's leisure travel and direct market business. In his new role, Mr. Luyt will have direct responsibility for all IAH underwriting functions, including underwriting governance and controls, product development, and learning and development, across all business segments for the division's A&H operations in 51 countries and territories outside North America.

Mr. Luyt will continue to report to John Thompson, Division President, International Accident & Health, Overseas General Insurance. The appointment is effective January 1, 2021. Mr. Luyt succeeds Deborah Venella, who will retire in early 2021 after a very successful and distinguished 47-year career at Chubb and predecessor companies. 

"Jason brings more than two decades of insurance experience and 13 years of underwriting experience to his new role," said Mr. Thompson. "He exemplifies the skill and technical strength of our international A&H team, including the underwriting capabilities and discipline that define Chubb. I look forward to continuing to work with Jason as we pursue new opportunities for profitable growth globally."

"We thank Deborah for her many contributions to the company," continued Mr. Thompson.  "She has been an integral team player, dedicated and passionate about the craft of underwriting, and known for sharing her knowledge and developing A&H underwriting talent. We wish her the best in her retirement."

Mr. Luyt joined the company in 2015 as Vice President, Chief Underwriting Officer of Leisure Travel & Direct Market Underwriting.  Prior to joining Chubb in 2015, he held local, regional and global management-levels positions at American International Group, including Global A&H Underwriting Manager in New York, Regional A&H Underwriting Manager for Africa, and Head of A&H in South Africa.  Mr. Luyt holds two Information Technology diplomas from Van Zyl & Pritchard and Damelin College in South Africa.

About Chubb
With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: www.chubb.com

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SOURCE Chubb

FAQ

Who is Jason Luyt in relation to Chubb's International Accident & Health division?

Jason Luyt has been appointed as the Senior Vice President and Chief Underwriting Officer for Chubb's International Accident & Health division, effective January 1, 2021.

What are Jason Luyt's qualifications for his new role at Chubb?

Jason Luyt has over 20 years of insurance experience and has held various underwriting roles, including Chief Underwriter for leisure travel and direct market business.

Who did Jason Luyt replace at Chubb?

Jason Luyt succeeds Deborah Venella, who is retiring after 47 years with the company.

What responsibilities will Jason Luyt have as Chief Underwriting Officer?

Luyt will be responsible for all underwriting functions, including governance, product development, and learning across the A&H operations in 51 countries.

How does Chubb view this management change concerning future growth?

John Thompson, Division President, expressed optimism about Luyt's leadership and the potential for profitable growth globally.